Koch Industries Inc., the energy-based conglomerate whose CEO lengthy opposed environmental regulation and funded teams that questioned local weather change, has emerged as one of many largest monetary backers of the battery business.
A Koch Industries unit has made no less than 10 investments value no less than $750 million within the U.S. battery provide chain and electrical automobiles previously 18 months, regulatory filings, information releases and FactSet knowledge present. Koch’s battery investments are among the many largest from exterior the auto business, analysts say.
